With a background in commercial real estate extending more than a decade, Demetrios Panteleakis serves as president of the Massachusetts company Macmillan Group, LLC. In addition to enabling a number of corporate expansion projects to go forward, Demetrios Panteleakis has managed diverse solar and energy-efficiency projects funded through Capital for Change.
Sparking a regional interest in solar power, Boston is ranked after New York City in terms of the real cost savings associated with homeowners installing solar panels on their roofs. According to the online marketplace EnergySage, average Massachusetts households can save upwards of $2,000 per year by installing rooftop systems.
Another key factor accelerating solar system adoption is that they add value to residences, with a Lawrence Berkeley National Laboratory survey spanning several states indicating a $15,000 premium in sales of homes with solar already installed.
One key concern about solar centers on cost, with 5.13-kilowatt systems with a two to three decade lifespan typically in the $18,000 to $25,000 range. That said, rebates and tax credits that encourage sustainable energy have an outsized impact, with total out-of-pocket costs dropping to an average of $14,000.
